Ichimoku Cloud Analysis 20.04.2012 (GBP/USD, GOLD)

Analysis for April 20^th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to move upwards and support of Tenkan-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and the price to move upwards.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen turned downwards. Ichimoku Cloud is going down (2), Senkou Span A turned downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Senkou Span B and the price to move downwards.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), but Tenkan-Sen turned downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is very narrow and going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Kijun-Sen and the attempts of the price to move through the cloud in an upwards direction.